As for solar energy projects taking place recently in Honduras it is worth to mention the role led by the Central American Bank for Economic Integration (CABEI) in financing renewable energy projects.
CABEI approved a loan of US $ 5.5 million to help a company of waste recycle to purchase and install photovoltaic panels on the roofs of the plant of the company located in San Pedro Sula. This investment allows the company install more than 3,600 solar panels, equivalent to about 1 mega watt of generating capacity with zero emissions of greenhouse gases for own consumption.
Apart from this project, CABEI continues supporting innovators in the market for solar roof panels in Central America and elsewhere through highly innovative financial structures.
Moreover, wind is a good alternative for generating electricity mainly in Central America.
Wind energy, produced with a simple natural resource like wind, has a price for the company and industry that is related mainly to assets necessary to exploit them, for example it is intended that the cost of energy is stable in the long run and not dependent on fossil fuel prices.
In an event held in June 2014 in San Marcos Wind Farm, located in the department of Choluteca, Honduras, the country was recognized as the maker of one of the 100 most important infrastructure projects in Latin America.
Another company which has been very active in the region is Terra Energy which set up a plant in Honduras, Nicaragua and also extended its presence in Guatemala and El Salvador with other power generation (thermoelectric and hydroelectric).
In other parts of the region, in Panama for example, it was built a wind plant in an area that has the virtue of strong winds that generate 215 mega watt of capacity. The company that built and operates the park, produces about 5% of the total energy demand of Panama eliminating more than 400,000 tons of C02 saving about 900,000 barrels of oil d.
The use of electricity and the use which has Latin America helps to overcome barriers to development. In Latin America and the Caribbean lie 8.6% of the world's population, it is produced 12% of oil, natural gas 9% and 2% of coal in the world, while 7% of world electricity is consumed.
As for expansion projects of natural gas in Latin America it can be mentioned the name of the company of tax oilfields in Bolivia which will supply the gas for oil in Paraguay starting in December 2015. It is expected that this year Petroleos Paraguayos could market energy at a lower price than private companies. Paraguay wants that supplies 100% of the demand, and thus up to 20% less pay could Paraguayans in their consumption of gas.
In Bolivia, the liquids separation plant Rio Grande processed 5.6 million cubic meters per day of natural gas for 361 metric tons per day and 350 barrels per day of stabilized gasoline.
Central America may be appointed as an innovator in liquefied natural gas as the first plant of this kind is to be held in Ajacutla, El Salvador .
In Central America governments, banks and companies have been active in developing a set of best practices on environmental issues and taking appropriate legislative measures in keeping up with the requirements and standards of international agreements and protocols.
Also CABEI, Terra Energy and other banking institutions and companies have taken an active part in such practices and in the financing and construction of renewable energy projects with a view to a better and healthier environment.
CENTRAL LAW has experience in environmental matters and in the participation in bidding projects in renewable energies. Also the talented team of lawyers who conforms the Department of Energy, Mining and Infrastructure and the Environment department of the firm, have a complete understanding and domain of the laws governing the subject and specially, experience in obtaining government permits and licenses for such projects of power generation from renewable sources.
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